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from $740Studio Apartments Available Now
Millennium Flats - Washer-Dryer Included
1020 Central Ave SWAlbuquerque, NM 87102
Cheap Apartments for Rent in the Downtown Albuquerque Neighborhood of Albuquerque, NM from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Albuquerque area of Albuquerque.
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Rent Specials
from $829Studio to 2 Bedroom Apartments Available Now
Union 505
801 Locust Pl NEAlbuquerque, NM 87102
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Rent Specials
from $9501 to 2 Bedroom Apartments Available Now
Peaks at Sandia View
1501 Indian School Rd NEAlbuquerque, NM 87102
902 11th St NW
AlbuquerqueNM87102
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Downtown Albuquerque, Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Downtown Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albuquerque Studio Apartments | $1,057 | $740 | $1,258 |
| Downtown Albuquerque 1 Bedroom Apartments | $1,273 | $950 | $2,399 |
| Downtown Albuquerque 2 Bedroom Apartments | $1,599 | $1,233 | $2,557 |
| Downtown Albuquerque 3 Bedroom Apartments | $1,928 | $1,507 | $2,595 |
| Downtown Albuquerque 4 Bedroom Apartments | $2,299 | $2,299 | $2,299 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Albuquerque Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Downtown Albuquerque, Albuquerque, NM Local Guide
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Cheapest Available Downtown Albuquerque Apartments for Rent
The cheapest available apartment rental in the Downtown Albuquerque area of Albuquerque, NM is a Studio unit found at Millennium Flats - Washer-Dryer Included priced from $740. Union 505 has the second lowest priced unit, which is a Studio apartment currently listed from $829. Here are the most affordable Downtown Albuquerque apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats - Washer-Dryer Included | Studio | Studio,1BA | $740 |
| Union 505 | Studio | Studio,1BA | $829 |
| Peaks at Sandia View | 1x1-638 | 1BR,1BA | $950 |
Best Value Apartments for Rent in Downtown Albuquerque, NM
As of June 18, 2025 the best value apartment in the Downtown Albuquerque area is the $1.54 price per square foot Fully Furnished & Decorated Model at Sunport Luxury Townhomes in the in the Southeast Quadrant neighborhood starting from $2,900. The second greatest value Downtown Albuquerque apartment is the Amazing Model at 873-895 Silver Ave SW starting at $1,450 with a $1.50 price per square foot in the Hunning Highland neighborhood. Here is today’s list of the best values for Downtown Albuquerque apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunport Luxury Townhomes | Fully Furnished & Decorated | 5BR,5BA | $1.54 |
| 873-895 Silver Ave SW | Amazing | 1BR,1BA | $1.50 |
| Valley Apartments | River Platinum | 2BR,1BA | $1.64 |
| Cresta North Valley | 1 bed/1 bath | 1BR,1BA | $1.60 |
| El Parador | Type A | 1BR,1BA | $2.14 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.47 |
| Peaks at Sandia View | 1x1R-638 | 1BR,1BA | $1.57 |
| One Central | 1x1 AB | 1BR,1BA | $2.39 |
| Alvarado Apartments | A1 | 1BR,1BA | $2.35 |
| Millennium Flats - Washer-Dryer Included | Studio | Studio ,1BA | $2.40 |
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Pet Friendly LifestyleDowntown Albuquerque, Albuquerque, NM
Ranked #154
Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Albuquerque Apartments
What is the Cheapest Studio apartment in Downtown Albuquerque?
Currently the most affordable Cheap Studio Apartment in Downtown Albuquerque is at Millennium Flats - Washer-Dryer Included listed at $740.
How much is rent for a Cheap One Bedroom Downtown Albuquerque Apartment?
The lowest price for a Cheap One Bedroom Downtown Albuquerque Apartment is $950 at Peaks at Sandia View.
What is the lowest price for a Cheap Two Bedroom Downtown Albuquerque Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Albuquerque is starting from $1,208 at Union 505.
What is the most affordable Downtown Albuquerque Three Bedroom Apartment?
The best deal on a cheap Downtown Albuquerque Three Bedroom Apartment rental is at Valley Apartments and starts from $1,507.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.